IVillage beats estimates, CFO leaves

CBS.MarketWatch.com

NEW YORK (CBS.MW) -- IVillage.com announced its CFO's resignation the same day the Internet company beat loss estimates.

Craig Monaghan, CFO since June 1998, is leaving to take the financial reins at AutoNation Inc.
AN, -2.34%

Scott Levine, IVillage's
ivil
vice president, controller and chief accountant, will take over on an interim basis.

This is the second defection in a week. Allison Abraham, IVillage's COO since 1998, resigned to join Lifeminders.com as president.

IVillage, a Web portal geared toward women, also announced quarterly results, declaring a loss of $14.3 million, or 85 cents a share, compared with a loss of $15 million, or 96 cents a share, for the same period last year.

Analysts surveyed by First Call expected a loss of 94 cents a share.

Revenue for the quarter rose to $20.8 million compared with $6.5 million for the same period last year.

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